The average defined contribution account balances of plan participants soared 18 percent last year to a record average of $101,650, Vanguard reported.
With last year's rising stock prices and higher interest rates, Vanguard's numbers may well be a harbinger of how other 401(k) account fared.
"Vanguard's numbers are a good proxy," said Rick Meigs, president of 401(k).helpcenter.com, a Portland, Ore.-based website that provides information to retirement professionals. "They have a huge number of platforms and participants. These are good numbers for 2013. We'll see what this year brings."
Recommended For You
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
